HALO Reports $6.05M Net Loss, Eyes UK FCA Approval and October Australian Launch

Financial Performance Amid Market Challenges

HALO Technologies Holdings Limited (ASX, HAL) has released its half-year results for the period ending 30 June 2025, revealing a mixed but cautiously optimistic picture. Operating revenue declined by 18% to $7.9 million, primarily due to market volatility and geopolitical tensions, including the ongoing US trade policies that have unsettled global markets. Despite these headwinds, the company reported a marked improvement in its bottom line, with a net loss after tax narrowing to $6.05 million from $14.54 million in the previous full year.

This improvement reflects HALO's disciplined cost management and strategic investments, including increased headcount to support growth initiatives, particularly in the UK. The company also recovered $1.275 million from a prior write-down related to Success Publishing Pty Ltd, bolstering its financial position.

Progress on UK Expansion and Regulatory Milestones

A key highlight of the update is HALO's progress with its UK-based HALO Invest platform. The UK Financial Conduct Authority (FCA) has provided verbal confirmation of regulatory permissions, a critical step that enables HALO to move forward with its Strategic Investor Program. Formal attestation is still pending, but this milestone paves the way for the platform’s imminent launch.

HALO Invest aims to serve two main client segments, traditional financial advisers and clients connected to advisers without direct personal advice. The platform will offer automated investing options, including model portfolios with both listed securities like ETFs and equities, as well as unlisted managed funds. This positions HALO to challenge established wealth management incumbents by combining sophisticated technology with broad product access.

Australian Market Expansion and Product Launch

In Australia, HALO plans to launch Managed Funds on its platform in October 2025. This move will significantly expand the product universe available to financial planners, complementing the existing offering of over 30,000 global equities and ETFs. The company is actively growing its B2B network and onboarding dealer groups, aiming to boost Funds Under Management (FUM) over time.

FUM experienced a decline during the reporting period, falling from $434.8 million to $395.7 million, impacted by market volatility and geopolitical uncertainty. However, recent figures show a rebound to $409 million, suggesting resilience and potential for growth as new initiatives take hold.

Looking Ahead

HALO’s strategic focus remains on expanding its client base and product offerings both domestically and internationally. The company’s investments in technology, regulatory compliance, and client acquisition are designed to position it for sustainable growth. The upcoming launch of Managed Funds in Australia and the formal FCA approval in the UK will be critical catalysts to watch in the coming months.

While challenges from global market conditions persist, HALO’s improved financial performance and clear growth strategy provide a foundation for cautious optimism among investors and stakeholders.